Redfin Reports Homebuying Affordability Is Improving in These 11 Places

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Homebuyers need to earn $112,131 per year to afford the $447,035 median priced U.S. home, little changed (+0.5%) from a year ago. But in 11 of the 50 most populous U.S. metropolitan areas, the income needed to afford a home has declined. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. Metro Income need to afford median-priced home YoY change in income required to afford median-priced home Oakland, CA $244,073 -4.6% West P